Friday, May 11, 2012

Ireland Could be Next to Resist Austerity

Referendum Could Kill EU Cost-Cutting Policy

Ireland is the only EU country that is putting austerity, which has not worked anywhere, to a national vote. A May 31 referendum asks citizens to approve an EU treaty that seeks to control member nations’ deficits and longer-term debts.

Critics of the pact, including Gerry Adams, head of Ireland's Sinn Fein party, the former political wing of the Irish Republican Army, say the cost-cutting measures fail to stimulate growth.